Shanghai Opens Up Nearly 8% . . .

July 6th, 2015
in econ_news

. . . And Then Gives It All Back

Econintersect: Monday traders in Shanghai enthusiastically greeted the opportunity to take advantage of the Chinese government's determination to support the price of stocks. With what might be the largest intraday surge in history, the Shanghai composite opened with a gap up of more than 7.8% from Friday's close at 3,687. Read below to find out what happened next.


Follow up:

After opening at 3,974.21 the market sold off all day, at one point in the afternoon reaching a low of near 3,655 before rallying again to above 1% in the green (see second chart below).


Even though this may look like a potential reversal day, when you look at the chart for the past three weeks it may have been wild Monday but not that much different than what has been going on almost every day.

Click for latest streaming chart at

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved